Whole Foods says there are limits to deep discounts, not in a 'race to the bottom'
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Whole Foods Market management said the grocery industry remains "very tough" and despite growing its new 365 by Whole Foods value-focused stores, the company insisted there was a limit to embarking on any deeply discounted program. "Promotions and price investments are an integral part of our conversation but we are not participating in a race to the bottom," said John Mackey, co-founder and co-CEO of Whole Foods on the company's fiscal fourth-quarter earnings call Wednesday. The compan..>> view originalFed Gives Subtle Nod on December Hike
When everybody is throwing rocks, sometimes it’s best to duck.Six days before a contentious U.S. presidential election, Federal Reserve officials opted to avoid the fray and instead telegraphed their intent to raise interest rates in a single word.The Federal Open Market Committee, led by Chair Janet Yellen, said in its statement Wednesday that it only needed “some” further evidence that inflation and employment were on track toward their goals to hike, after leaving rates unchanged for the sev..>> view originalHow, prosecutors say, a DirecTV executive kept cable companies from adding the Dodgers channel
It all started with the Lakers.In 2012, after Time Warner Cable had acquired the rights to televise L.A. Lakers games and with the 2012-13 NBA season about to start, the company managed to sell its new — and pricey — Lakers channel to every major cable provider in Southern California. With Time Warner Cable reportedly asking $3.95 per subscriber per month, satellite TV provider DirecTV held out, but ultimately capitulated as it feared losing customers to other services. And that experience, fe..>> view originalTrump-effect grips world stocks, dollar
LONDON World stocks wallowed near a four-month low as U.S. election uncertainty knocked the dollar, and futures pointed to the longest losing streak for the S&P 500 since the 2008 financial crisis. Investors were unsettled by media reports that some agents at the FBI had wanted to press ahead with an investigation of the Clinton Foundation, the latest twist in a long-running investigation into Democratic candidate Hillary Clinton's use of a private email server while she was secretary of st..>> view originalEMERGING MARKETS-Egypt assets jump on currency float, EM stocks at 7-wk lo...
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Nov. 3, 2016 5:38 a.m. ET PARIS—Franco-Dutch airline operator Air France-KLM plans a new medium-haul and long-haul budget airline that could tap the lucrative market serving cities in the U.S. and Asia to recapture market share lost to expanding low-cost rivals and Middle Eastern carriers. The new airline, set to start flying on routes to Asia in the winter 2017, would take over some of the least profitable Air France services and will operate them with staff on lower salaries..>> view originalFacebook Profit Soars, but Growth Concerns Emerge
Facebook Inc., now on pace to reach $27 billion in revenue this year, is defying the slowdown in growth that usually comes with increasing size. The social media giant said Wednesday that third-quarter revenue soared 56% to $7 billion and its quarterly profit nearly tripled to $2.38 billion, as it reaps the spoils of its dominance in mobile...>> view originalU.K. Services Strength 'Marred' by Accelerating Inflation
Growth of the U.K.’s dominant services industry accelerated in October, emphasizing the economy’s resilience since the Brexit vote.IHS Markit’s services Purchasing Managers Index rose to 54.5 in October, the highest since January and far above the 52.5 forecast in a Bloomberg survey. It also marked a third month above the 50 mark separating expansion from contraction.Companies said the weaker pound helped to lift foreign demand, though the currency is also having an inflationary impact. The rep..>> view originalAdidas to Restructure Reebok Brand
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LONDON รข€” Further evidence has emerged to show that the British economy has held up better than anticipated since the country voted to leave the European Union.The news cemented market expectations that the Bank of England will opt against cutting interest rates again later.In a monthly survey published Thursday, financial information company Markit and the Chartered Institute of Procurement and Supply, found that the country's crucial services sector saw activity in October rising at its fas..>> view original
Thursday, November 17, 2016
Whole Foods says there are limits to deep discounts, not in a 'race to the bottom' and other top stories.
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